Señora Ruth is 24 years old. She is single and has a son who depends on her income. She went to school through a technical level in fabrication of shoes and computerized design. She works in a workshop and makes leather shoes; her work is putting soles on shoes, and she has a year of experience in this job. On the side, she has a second business, food service, where she has three years of experience selling food in the mornings. She is now applying for a loan to buy machines and supplies so that in the future she can work [on her own] soling shoes.
La señora Ruth tiene 24 años de edad, es soltera y tiene un hijo que depende de sus ingresos, cuenta con un grado de instrucción de nivel técnico en Fabricación de calzados y diseño computarizado, trabaja en un taller y se dedica al Servicio de Fabricación de Calzado de Cuero con el cargo de Soladora con una antigüedad de 1 año de experiencia en el rubro, por otro lado tiene una segunda actividad que es el Servicio de Gastronomía con una antigüedad de 3 años vendiendo comida por las mañanas. Actualmente solicita un crédito para comprar maquinarias e insumos para que en un futuro pueda dedicarse a trabajar como Soladora.
More information about this loan
This loan product is designed to help entrepreneurs set up new businesses in Bolivia. To make this possible, Cidre is collaborating with organizations among which Fautapo Foundation, which provide training, help borrowers with their business models, and identify needs for working capital. Kiva and Cidre are working together to offer larger loans with grace periods to help these entrepreneurs successfully start up new businesses.
CIDRE is a Bolivian microfinance institution with a strong social commitment to the community. It works to provide quality financial services to rural and peri-urban borrowers, focusing primarily on agricultural loans for dairy farmers and micro-enterprises. CIDRE targets segments of the population that have not traditionally had access to credit, and invests in much-needed community development projects. It is currently working with coca farmers in the Chapare region to replace coca with less controversial crops. Get more involved by joining the Friends of CIDRE lending team.